The Las Girasoles Tecpanecas Group is group of women in the rural Guatemalan city of Tecpan. This is a group of women who work hard to meet individually set goals.
There are 9 women in the group who all have a different businesses such as, food sale, agriculture, weaving, selling clothing, and the sale of cosmetics. They call themselves the “Las Girasoles Tecpanecas” or the Tecpan Sunflowers.
There are many reasons I made made this loan. One reason I made this loan is the average annual income in Guatemala is only $5,300.! Compare that to how much your parents make in a year. In fact most people spend more than that on a car in America.
Another reason why I made this loan is the loans at risk rate and the default rate are extremely low. The loans at risk rate and default rate show whether similar loans in the area where not paid back or not paid back at all. We will also be paid back monthly over 10 months. This means we will get paid back a little bit over 10 months which means we won’t have to wait a long time to get our loan back.
The final and most important reason I made this loan is for people like Dolores (one of the women in the group). Dolores is 68 years old and is practically the sole source of income for her family and is responsible for paying for the education of her kids by owning and running a small food business. With the loan she hopes to buy spices and rice to expand her business.
This is why we Kiva. We Kiva to help women like Dolores and their families make a better life for themselves.
There are many reasons I made made this loan. One reason I made this loan is the average annual income in Guatemala is only $5,300.! Compare that to how much your parents make in a year. In fact most people spend more than that on a car in America.